Capital raising was sort of expected.
Looking at their latest presentation ALK was down to $9m, from $22m around a year ago.
The only option to avoid that was only if the interested parties looking at Newmont's 51% share of McPhillamys was ready to buy it, which could be a few months off.
Again, if Newmont sold McPhillamys, then I'm sure ALK would have been interested in selling our 49% interest as well.
So its not all bad. imo, its a positive thing.
The only thing, I'm not happy with is the NSW govt approval process, which is delaying things.
Capital raising was sort of expected.Looking at their latest...
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
51.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $310.7M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 52.0¢ | 48.0¢ | $945.3K | 1.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 88572 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 85119 | 5 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |